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U.S. Mint PSA Urges Coin Redemptions
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<p>[QUOTE="baseball21, post: 4713194, member: 76863"]The valid requirement for them is that if you get rid of change and everything is done by dollars prices will significantly increase to accommodate it. Your 99 cent item that used to be somewhere from $1.04-1.10 after taxes is now a minimum of $1.25 if you keep quarters and if you don't its now $2. The arguments about rounding or credit card discounts are not how retail works especially not now with businesses struggling. They aren't going to round down for you and any law that says they have to will just make them raise prices to the point they don't have to anymore</p><p><br /></p><p>Your own comment admits that they raised prices to cover not using cents anymore. That's much worse without nickles as you now have to go to the .1 and significantly worse than that without dimes as you now have to go to the .25 and a complete disaster without change at all as you now have to go to the dollar. They almost certainly are making more with their rounding and the customer service part is to claim they're now neutral. No smart business is going to risk coming up short with rounding and will adjust to make sure it comes out in their favor[/QUOTE]</p><p><br /></p>
[QUOTE="baseball21, post: 4713194, member: 76863"]The valid requirement for them is that if you get rid of change and everything is done by dollars prices will significantly increase to accommodate it. Your 99 cent item that used to be somewhere from $1.04-1.10 after taxes is now a minimum of $1.25 if you keep quarters and if you don't its now $2. The arguments about rounding or credit card discounts are not how retail works especially not now with businesses struggling. They aren't going to round down for you and any law that says they have to will just make them raise prices to the point they don't have to anymore Your own comment admits that they raised prices to cover not using cents anymore. That's much worse without nickles as you now have to go to the .1 and significantly worse than that without dimes as you now have to go to the .25 and a complete disaster without change at all as you now have to go to the dollar. They almost certainly are making more with their rounding and the customer service part is to claim they're now neutral. No smart business is going to risk coming up short with rounding and will adjust to make sure it comes out in their favor[/QUOTE]
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